The Original i30 Owners Club

OFF TOPIC => WORLD NEWS => Motoring => Topic started by: eye30 on June 02, 2012, 13:53:14

Title: Korean, Japanese automakers post solid May sales
Post by: eye30 on June 02, 2012, 13:53:14

Automakers in Japan and South Korea continued to post solid gains in sales in May with Hyundai Motor <005380.KS> and Kia Motors <000270.KS> benefiting from the sustained recovery of the U.S. market while Japanese domestic sales were supported by government incentives for fuel-efficient models.

Hyundai's global sales rose 8 percent and Kia's sales jumped 21 percent in May from a year earlier, driven mainly by overseas sales.

Hyundai and Kia have gained market share in the United States, Europe and other key markets since the global financial crisis by offering stylish cars at competitive prices. They have also been helped by the cheaper South Korean currency and South Korea's free trade deals with Europe and the United States.

Shares in Hyundai closed down 2.5 percent



http://uk.news.yahoo.com/korean-japanese-automakers-post-solid-may-sales-080233893--finance.html (http://uk.news.yahoo.com/korean-japanese-automakers-post-solid-may-sales-080233893--finance.html)

Title: Re: Korean, Japanese automakers post solid May sales
Post by: Doggie 1 on June 02, 2012, 14:01:43

Amazing.
Such a great result and their shares closed 2.5% down  :confused:

Title: Re: Korean, Japanese automakers post solid May sales
Post by: Dazzler on June 02, 2012, 22:45:42

Quote from: db08 on June 02, 2012, 14:01:43

Amazing.
Such a great result and their shares closed 2.5% down  :confused:

 :whsaid:

Title: Re: Korean, Japanese automakers post solid May sales
Post by: 2i30s on June 03, 2012, 00:15:27

those figures could explain China's very low economic situation at the moment.  :whistler: :goodjob2: :goodjob: